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Published on 9/3/2019 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

S&P rates CSX notes BBB+

S&P said it assigned CSX Corp.’s proposed senior notes due 2030 and 2049 a BBB+ rating.

Proceeds will be used for general corporate purposes, which may include share buybacks and capital spending along with redeeming the company’s 3.7% notes due in October.


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